Hagerty Inc. (NYSE:HGTY) Q4 2023 Results Conference Call March 12, 2024 10:00 AM ET

Company Participants

Jay Koval - Senior Vice President of Investor Relations

McKeel Hagerty - CEO & Director

Patrick McClymont - Chief Financial Officer

Conference Call Participants

Sid Schultz - Raymond James

Maxwell Fritscher - Truist Securities

Pablo Singzon - JPMorgan

Operator

Greetings. Welcome to Hagerty's Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode, and question and answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to Jay Koval, Senior Vice President of Investor Relations. Thank you. You may begin.

Jay Koval

Thank you, operator, and good morning, everyone, and thank you for joining us to discuss Hagerty's results for the fourth quarter of 2023. I'm joined this morning by McKeel Hagerty, Chief Executive Officer; and Patrick McClymont, Chief Financial Officer.

During this morning's conference call, we will refer to an accompanying presentation that is available on Hagerty's Investor Relations section of the company's corporate website at investor.hagerty.com. Our earnings release, accompanying slides and letter to stockholders covering this period are also posted on the IR website. Our 8-K filing is also available there along with our earnings press release and other materials.

Today's discussion contains forward-looking statements and non-GAAP financial metrics as described further on Slide 2 of the earnings presentation. Forward-looking statements include statements about our expected future business and financial performance and are not promises or guarantees of future performance. They are subject to a variety of risks and uncertainties that could cause actual results to differ materially from our expectations.

For a discussion of material risks and important factors that could affect our actual results, please refer to those contained in our filings with the SEC, which are also available on our Investor Relations website and at sec.gov.

The appendix of the presentation also contains reconciliations of our non-GAAP financial metrics to the most directly comparable GAAP measures that are further supplemented by this morning's 8-K filing.

And with that, I will turn the call over to McKeel, our Founder and CEO.

McKeel Hagerty

Thanks, Jay, and good morning, everyone. We appreciate you taking the time to join Hagerty's fourth quarter 2023 earnings call.

As the winter snow begins to melt and the days grow longer, 67 million auto enthusiasts in the United States are beginning to plan to driving adventures for 2024. And Hagerty is there to help car lovers protect, buy, sell and enjoy their collectible vehicles with our array of products and services. Today, we will share the excellent results from One Team Hagerty's hard work over the last year as well as our initial outlook for 2024.